Au contraire Msr. Ficquette! You might not have made as much, but you did not lose money. And cagey kg' is an ATM tonite! The new blue line is your call I think. Only 3 more charts and since it is gettng late, just 5 minutes between posts, and sorry for the delay. Trade this Chart!
We've all gone to sleep, or have a life outside of ET! Here then is the last chart. It took some fairly good decision making, and you all made money. kg's 5K shares earned him 10 grand over two months, and at 50% margin he was in for about 26K. Not a bad return, the tuition gets paid, and the teenager gets a job. Great job everyone. Let me know any changes you might want. Faster presentation, indicators, etc.
Thank you. I would like to thank the Academy. My mother and father - without whom I would not be here. My manager, my agent, and most of all - the fans. Actually, my thanks go out to the former champ of "Trade this Chart", Kernan - he taught me everything I know [which my wife would tell you is not much].
I've sent a deposit to you for your trading book, your video, your CD, and I have subscribed to your website. I have also sent a large deposit to your discretionary acct for you to trade on my behalf. Is 60:40 you:me okay, because I''ll take 80:20 if that's the way it has to be.
inandlong - thank you for your patronage. I just want to make sure you understand terms of use for my trading materials and website: 1.) Absolutely NO refunds. 2.) Charts illustrating my trading strategies cost extra. 3.) I reserve the right to change my performance record and recommendations after the fact to enhance my performance results. Best of luck. Please do not email me if you have questions. :eek:
kg' that is hilarious, and yet, those all seem like reasonable terms. TKO', why don't I just send you the chart prior to the start of the thread and you can act like you haven't seen it before? Just kiddin' you. Yes they have been daily charts, although that is the reason for no text, because a chart is a chart. The next chart will have RSI and 40 sma. Edit: ooops, one was a weekly chart.
Even if you trade daily charts only, you should still look at lower time frame to see market momentum and order flow to pinpoint entry and exit . Best would be if there is also a last 3 days 15 min chart as a supplement to the usual daily chart . Walter
I have to interject. I think everyone is missing the point of what inandlong is doing. You don't have to know if this is a daily chart, a 15-minute chart, a 1-minute chart. You don't even need to know the price, or what chart it is. NONE of that matters. The point of the exercise is to better understand price action. Can you tell where the chart is going? Where would your stops be if you entered at point X? Etc, etc, etc. Except for volume, I don't think any indicators should be added either. All indicators are based on price and volume. Learn how to understand price and volume, and trade the chart! This is it man. This is what it is all about. This is the show, baby! IMHO, of course.